Bankruptcy Bid Procedures: When the Only Thing Faster Than the Sale is the Speed of Objections

You represent a party objecting to the bid procedures proposed in connection with the sale of a bankruptcy debtor's assets. Parties may object to a debtor’s bid procedures for a variety of reasons, including excessive bid protections and a quick timeline for the sale. Use this Practical Guidance template when drafting an objection to the debtor’s bid procedures.

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Related Content

• Cure Objection
  Take advantage of this template when objecting to the debtor's proposed cure under the parties' executory contract or unexpired lease.

• Collusive Bidding in Section 363 Sales
  Review this practice note to understand the prohibition on bidders colluding to affect the sale price at an auction of the debtor's assets.

• Breakup Fees
  Read this discussion of breakup fees in the context of sales under Section 363(b) of the Bankruptcy Code.

• Creditors’ Committee Objections
  Check out this practice note on common creditors’ committee objections in Chapter 11 cases, including sale objections.

• Objection Practice Checklist
  Use this checklist when preparing an objection to a motion in a bankruptcy case.

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